Tpi Polene PCL (BKK:TPIPL) ROCE %: 5.15% (As of Mar. 2026)

What is Tpi Polene PCL ROCE %?

Tpi Polene PCL BKK:TPIPL 70 ROCE % is 5.15% as of Mar. 2026. GuruFocus rates BKK:TPIPL with a GF Score™ of 70/100 and a GF Value™ of ฿1.11 (Modestly Undervalued). The stock has 10 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tpi Polene PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 5.15%.

Tpi Polene PCL (BKK:TPIPL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tpi Polene PCL ROCE % Related Terms

Tpi Polene PCL ROCE % Historical Data

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The historical data trend for Tpi Polene PCL's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tpi Polene PCL ROCE % Chart

Tpi Polene PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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9.13

8.63

5.36

3.99

4.15

Tpi Polene PCL Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															5.23	4.07	3.54	3.91	5.15

70GF Score

Tpi Polene PCL BKK:TPIPL

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Tpi Polene PCL ROCE % Calculation

Tpi Polene PCL's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	5617.373	/	( ( (159686.623 - 24267.529)	+	(162650.005 - 27538.634) )	/ 2 )
	=	5617.373	/	( (135419.094	+	135111.371)	/ 2 )
	=	5617.373	/	135265.2325
	=	4.15 %

Tpi Polene PCL's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	7041.204	/	( ( (162650.005 - 27538.634)	+	(162197.322 - 23977.28) )	/ 2 )
	=	7041.204	/	( ( 135111.371	+	138220.042 )	/ 2 )
	=	7041.204	/	136665.7065
	=	5.15 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 5.15% mean?

Tpi Polene PCL (BKK:TPIPL) has a ROCE % of 5.15% as of Mar. 2026.

Is Tpi Polene PCL's ROCE % too high?

Tpi Polene PCL's current ROCE % is 5.15%. The Building Materials industry median ROCE % is 6.00. Tpi Polene PCL's value of 5.15% is 14.2% below this industry median. Overall, Tpi Polene PCL has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Tpi Polene PCL's ROCE % compare to CRH and VMC?

Tpi Polene PCL's ROCE % of 5.15% can be compared against companies in the Building Materials industry. The industry median ROCE % is 6.00. Tpi Polene PCL's value of 5.15% is 14.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Building Materials company?

The median ROCE % among Building Materials companies is 6.00, based on 406 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tpi Polene PCL's current ROCE % of 5.15% is 14.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Building Materials industry, the median ROCE % is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tpi Polene PCL's current ROCE % is 5.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tpi Polene PCL stock overvalued right now?

Based on GuruFocus' analysis, Tpi Polene PCL (BKK:TPIPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.11, compared to a current price of ฿0.79 — trading 28.8% below its estimated fair value. The current ROCE % is 5.15% and 14.2% below the Building Materials industry median of 6.00. Tpi Polene PCL's overall GF Score™ is 70/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Tpi Polene PCL (BKK:TPIPL), the current ROCE % is 5.15% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tpi Polene PCL (BKK:TPIPL) Overvalued in 2026?

Based on GuruFocus' analysis, Tpi Polene PCL stock appears to be undervalued. The current stock price of ฿0.79 is trading 28.8% below its estimated GF Value™ of ฿1.11. GuruFocus considers Tpi Polene PCL to be Modestly Undervalued.

Key valuation signals for BKK:TPIPL:

ROCE %: 5.15%
GF Value™: ฿1.11 vs. price of ฿0.79 (28.8% below fair value)
GF Score™: 70/100 with 10 warning signs
Industry Position: 14.2% below the Building Materials median

No single metric tells the full story. See the BKK:TPIPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tpi Polene PCL Business Description

Industry Basic Materials Building Materials

Comparable Companies BKK:TASCO BKK:SCGD BKK:SCP BKK:DCON BKK:STECH BKK:CCP BKK:WINDOW BKK:SMART BKK:YONG BKK:STC CRH XSWX:HOLN XTER:HEI VMC BOM:532538 MLM XSWX:AMRZ SHSE:600176 NSE:GRASIM MEX:CEMEXCPO

Other Exchanges NVP6:Germany

Address Chan Tat Mai Road, 26/56, TPI Tower, Tungmahamek, Sathorn, Bangkok, THA, 10120

Website https://www.tpipolene.co.th

Tpi Polene PCL is a producer and distributor of cement, clinker, and ready-mixed cement products in Thailand under the TPI Polene brand. The company's offerings include cement, mortar, low-density polyethylene plastics resin, ethylene vinyl acetate, solar cell encapsulants, concrete and concrete tiles, and fiber cement, among others. The company has four reportable segments: Construction Materials, Petrochemical & Chemicals, Energy & Utilities, and Agriculture. The majority of its revenue is generated from the Construction Materials segment. Geographically, it derives maximum revenue from Thailand and the rest from China, Bangladesh, Australia, India, Philippines, and other regions.

70GF Score

Get the complete analysis for BKK:TPIPL

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿0.79

Price

฿1.11

GF Value

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